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| 1. | Delta      has paid the sum of U.S.$100,000 into an account to be held in trust for      Lasker in accordance with the terms of this Agreement.  Portion      of such funds shall be released to Lasker upon notice from him that he has      completed negotiation for the acquisition of a Lease or      Leases.  Such notice shall set forth the amount of bonus      necessary to pay the lessor, upon execution of the Lease, and the      applicable amount will be released from the account to Lasker, who will      finalize arrangements to acquire the Lease(s).  Included in the      sum of U.S.$100,000 is a one-time prospect generation fee in the amount of      U.S.$20,000 payable to Lasker.  The remaining U.S.$80,000 is      intended for purchase of the Leases and necessary surface      leases.  The cost of the bonuses for the Leases and payment for      surface leases may exceed U.S.$80,000, in which event Delta shall pay      Lasker within 7 days of receipt of notice from Lasker setting forth the      amount of money needed to acquire additional Leases or surface      leases. |
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| 2. | Lasker      will negotiate the acquisition of the Leases and any necessary surface      leases and is authorized to expend up to U.S.$300.00 per acre as a      signature bonus and offer royalties up to and including 25%, resulting in      a net revenue interest of not less than 75%.  In the event the      price per acre or royalty for any Lease exceeds the amount stated in the      preceding sentence, Lasker will give Delta 72 hours notice, inclusive of      Saturday, Sundays and holidays, in order to approve the additional bonus      amount or additional royalty burden.  If Delta chooses not to      pay the additional bonus or additional royalty for any Lease, then Lasker      may, at his sole option, acquire such Lease for his own      account.   |
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| 3.   | Upon      acquisition of the Leases, Lasker shall promptly investigate the status of      the existing pipeline(s) in the area.  If the tie-in costs to an      existing pipeline render development of the Prospect uneconomical, Delta,      in its sole discretion, may require Lasker to reimburse Delta the amount      of money paid by Delta for Lease acquisition in the Carrera Prospect up to      that time.  If Delta opts for Lasker to make such repayment and      if any of the $80,000 intended for Lease acquisition still remains in the      trust account, such amount shall be released to Delta within 7 days      following notice from Delta of its intent not to      proceed.  Lasker shall have six months to return any portion of      the Lease acquisition costs which he has already expended on Lease      acquisition in the Carrera Prospect.  Except for the obligation      of repayment to Delta, this Agreement shall terminate when Delta gives      notice to Lasker of its intent not to proceed and Delta shall have no      continuing rights in the Prospect.  If Delta elects not to      proceed because of the economics of pipeline tie-in, Lasker may, at his      sole option, proceed with the development of the Prospect without      Delta.   Lasker shall be entitled to retain the $20,000      prospect generation fee regardless of whether Delta decides to proceed      with this Agreement pursuant to this Section3. |
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| 4. | Delta      shall pay 100% of the costs to acquire the Leases and 100% of the costs to      drill and complete up to three wells (“Target Wells”) through the pipeline      connection.  Drilling costs shall include geological      interpretation of data, drilling costs, site preparation costs,      infrastructure, roads, environmental impact studies, permits, remediation      work and all other costs directly or indirectly associated with      exploration, development, acquisition and finding costs relating to the      Target Wells. Completion costs include all pipeline costs and tie-in costs      to the point of sale. Acquisition costs, drilling costs and completion      costs are 100% recoverable by Delta from the proceeds of production from      the well to which costs are attributable. The actual acquisition, drilling      and completion costs for the first Target Well will be recovered by Delta      from 90% of the proceeds of production from such well and the actual      acquisition, drilling and completion costs for the second and third Target      Wells, if drilled, will be recovered by Delta from 80% of the proceeds of      production from the second and third well, respectively, until each of      such Target Wells reaches payout of these amounts.  Payout shall      be defined as the recoupment of 100% of all actual costs paid by Delta for      Lease acquisition, drilling and completion, payable out of production from      the Target Well to which the costs relate.  Costs are not cumulative      to be subject to a “basket” payout from  all Target      Wells. |
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| 5.  | The      pro rata working interest of each of the Parties in subsequent wells to be      drilled on the Prospect after the Target Wells shall be mutually agreed by      the Parties. |
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| 6.   | All      existing third party 3D seismic data and mapping shall be provided to      Delta subject to the provisions of any agreements between Lasker and third      parties, without further costs to Delta unless additional costs are      pre-approved by Delta. |
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| 7.   | Lasker      shall perform the initial interpretations and work-ups and shall prepare      the drilling program, including selecting total well depths and locations      for the Target Wells.  Lasker shall charge and Delta shall pay      standard industry rates for such interpretations and work-ups and where      required shall contract with engineering consultants to prepare the      drilling program. Delta shall be invoiced and pay the amount of the      invoice for any work by such consultants.  Invoices shall be      paid by Delta within 10 days following receipt of the invoice. These costs      shall be included in payout for the Target well. Such materials and      assessments will be provided to Delta without any representation      whatsoever by Lasker as to their accuracy and without any suggestion      whatsoever that Delta rely on such materials and assessments in any      way. |
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| 8.   | Delta      shall use best faith efforts to become bonded as an Operator in the State      of Texas and it shall also qualify to do business in the State of Texas,      both within 180 days following receipt of notice from Lasker that      acquisition of the Leases is complete.  Delta and Lasker shall      negotiate in good faith and sign an Operating Agreement in a form similar      to the AAPL 610 Operating Agreement (1989) prior to commencement of      operations. Delta shall be named as the Operator under the Operating      Agreement. |
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| 9. | Lasker      will secure leases in his name or that of a third party lease      broker.  All of the interest in the Leases will be assigned to      Delta with no representations or warranties, express or implied, with      respect to the ownership of the Leasehold mineral interest except to      claims made by, through and under Lasker, as assignor, but not      otherwise.   Delta will provide Lasker with monthly reports      on the payout status of each of the Target Wells.   Lasker      will have a 10% carried interest in the first Target Well and a 20%      carried interest in the second and third Target Wells until payout in each      of the wells, as defined above.  Lasker’s 10% carried interest      will convert to a 50% working interest in the first Target Well upon      payout.  Lasker’s 20% carried interest in the second and third      Target Wells shall convert to a 40% working interest upon      payout. |
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| 10. | Lasker      may market and divest any portion of his carried interest or working      interest in the Prospect to third parties at any  time. |
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| 11 | It      is expressly provided that there is an Area of Mutual Interest between the      Parties hereto. Such Area of Mutual Interest is more particularly      described in Exhibit A and the Area of Mutual Interest provision is more      particularly described in the Operating Agreement. The term of the Area of      Mutual Interest shall be three years commencing at the Effective      Date. |
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| 12. | Delta      hereby commits to the drilling of an initial test well (“Test Well”) at a      location within the Prospect selected by Lasker and agreed by      Delta.  Such Test Well must be commenced within one year from      the Effective Date.  Delta shall drill the Test Well to a depth      sufficient to adequately test to the base of the stratigraphic equivalent      of the Nodosaria sand encountered in the GHP Donner #1 well at a depth of      7,460 feet, and thereafter shall complete the Test Well as a well capable      of producing oil and/or gas in paying quantities or plug and abandon same      as a dry hole. The second and third Target Wells to be drilled on the      Prospect pursuant to this Agreement shall be at the option of Delta      following its review of results of the Test Well.  If Delta      elects not to proceed with the drilling of the second and/or third Target      Wells, then Delta shall release all Leasehold acreage that is not held by      production from a producing well which it has drilled pursuant to this      Agreement. |
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| 13. | The      following administrative provisions shall apply to this      Agreement: |
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|   | a. | Relationship of the      Parties.  This Agreement is not intended to create and      will not be construed as creating any type of partnership, joint venture,      association or other relationship where either Party will become liable      for the acts or obligations to the other Party.  The liability      of the Parties hereto shall be several not joint or collective and shall      be based on the pro rata working interest of the Party.  Lasker      shall have no liability nor make any payment for operations on the Target      Wells until payout for each respective Target  Well. |
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|   | Each      of the Parties hereto elects, under the authority of Section 761(a) of the      Internal Revenue Code of 1986, to be excluded from the application of all      of the Provisions of Subchapter K of Chapter 1 of Subtitle A of the      Internal Revenue Code of 1986, as amended.  If the income tax      laws of the states in which the property covered hereby is located      contain, or may hereafter contain, provisions similar to those contained      in the Subchapter of the Internal Revenue Code of 1986 referred to above,      under which a similar election is permitted, each of the Parties agrees      that such election shall be exercised.  If applicable, Delta is      hereby authorized to execute and file on behalf of both Parties hereto      such elections with the appropriate governmental      agencies.  Should there be any requirement that any Party give      further evidence of this election, each Party shall execute such documents      and furnish such other evidence as may be required by the Internal Revenue      Service or as may be necessary to evidence this  election. |
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|   | b. | Entire      Agreement.  This Agreement including its exhibits      represents the final and entire agreement by and between the Parties with      respect to its subject matter and, when executed, supersedes all prior      discussions and prior agreements relating to such subject      matter. |
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|   | c. | Assignment.  This      Agreement shall not be assigned by either Party without the prior written      consent of the other Party, which shall not be unreasonably or untimely      withheld. |
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|   | d. | Dispute      Resolution. |
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|   | (i) | Governing Law.THIS AGREEMENT SHALL BE      GOVERNED BY AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF      TEXAS, WITHOUT REGARD TO ANY CONFLICT OF LAWS RULES THAT WOULD DIRECT      APPLICATION OF THE LAWS OF ANOTHER  JURISDICTION. |
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|   | (ii) | Arbitration.  Any      and all claims, demands, causes of action, disputes, controversies and      other matters in question arising out of or relating to this Agreement,      including any question regarding its breach, existence, validity or      termination, which the Parties do not resolve amicably, shall be resolved      by one arbitrator  in accordance with the Commercial Arbitration      Rules of the American Arbitration Association.  The place of      arbitration shall be Houston, Texas.  The resulting arbitral      award shall be final and binding, and judgment upon such award may be      entered in any court having jurisdiction.  A dispute shall be      deemed to have arisen when either Party notifies the other Party in      writing to that effect.  Any monetary award issued by the      arbitrator shall be payable in United States Dollars.  The      arbitrator shall have no authority to award special, indirect,      consequential, exemplary or punitive damages under this      Agreement. |
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|   | e. | Severability.  If      any provision of this Agreement is for any reason held to be in violation      of any applicable law, governmental rule or regulation, or if the      provision is held to be unenforceable, then such provision shall be deemed      null and void. All other provisions of this Agreement shall remain in full      force and effect. |
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|   | f. | Binding      Effect.  This Agreement shall be binding upon and inure      to the benefit of the Parties and their respective heirs, legal      representatives, successors and permitted  assigns. |
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|   | g. | Modifications and      Amendments. This Agreement shall not be modified or amended except      by a written document executed by an authorized representative of both      Parties hereto. |
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|   | h. | News Releases and      Public Announcement.  Neither Party shall issue any news      release or make any public announcement relating to the subject matter of      this Agreement nor disclose the terms of this Agreement without the prior      written approval of the other Party, which approval shall not be      unreasonably or untimely withheld; provided, however, that such prior      approval shall not be required in the event that a Party is compelled to      issue a release or announcement by applicable securities laws or      requirements of any Stock Exchange, but in such event the affected Party      shall use its reasonable efforts to give the other Party at least      forty-eight (48) hours advance notice of the content of such      release. |
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|   | i. | Conflicts. If a provision in      the body of this Agreement is in conflict with a provision in an exhibit      hereto, the provision in the body of this Agreement shall      prevail.  In the event of a conflict/inconsistency between the      terms and provisions of this Agreement and the terms and provisions of the      Operating Agreement, this Agreement shall  prevail. |
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|   | j. | No Consequential      Damages.      NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS AGREEMENT, IN NO EVENT      SHALL ONE PARTY BE LIABLE TO THE OTHER PARTY FOR ANY EXEMPLARY, PUNITIVE,      SPECIAL, INDIRECT, CONSEQUENTIAL, REMOTE, OR SPECULATIVE DAMAGES, EVEN IF      CAUSED BY THE SOLE, JOINT, AND/OR CONCURRENT NEGLIGENCE, STRICT LIABILITY,      OR OTHER FAULT OF A PARTY. |
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|   | k. | No Third Party      Beneficiaries. Nothing in this Agreement, expressed or implied,      shall give or be construed to give any person, other than the Parties and      their heirs, legal representative, successors and permitted assigns, any      legal or equitable right, remedy or claim under or in respect to this      Agreement, except as specifically provided  herein. |
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|   | l. | Warranties and      Representations. Lasker makes no      warranty, either express or implied, with respect to ownership of the      Leasehold mineral estate except to claims made by, through and under      Lasker, but not otherwise. |
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|   | m. | Time is of the      Essence.  The Parties hereto stipulate and agree that      time is of the essence in the performance of all terms, duties, and      obligation and provisions of thisAgreement. |
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|   | n. | Expenses.  Delta      and Lasker shall be responsible for their respective expenses in      connection with the performance of the provisions of this      Agreement. |
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|   | o. | Counterpart      Execution.  This Agreement may be executed in two      counterparts and each such counterpart shall be deemed an original      agreement for all purposes; provided that neither Party shall be bound to      this Agreement unless and until both Parties have executed a      counterpart.  If this document is transmitted by facsimile      machine, it shall be treated for all purposes as an original      document.  The signature of any Party on this document      transmitted by way of a facsimile machine shall be considered for all      purposes as an original signature and shall have the same binding legal      effect as an original signature on an original  document. |
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|   | p. | Waiver. |
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|   | No      waiver by either Party of any one or more defaults by the other Party in      the performance of any provision of this Agreement shall operate or be      construed as a waiver of any future default or defaults by the same Party      whether of a like or of a different character. Except as expressly      provided in this Agreement, no Party shall be deemed to have waived,      released or modified any of its right under this Agreement unless such      Party has expressly stated, in writing, that it does waive, release or      modify such right. |
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|   | q. | Joint      Preparation. |
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|   | Each      provision of this Agreement shall be construed as though both Parties      participated equally in the drafting of the same. Consequently, the      Parties acknowledge and agree that any rule of construction that a      document is to be construed against the drafting Party shall not be      applicable to this Agreement. |
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|   | r. | Notices. |
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|   | All      notices authorized or required between the Parties by any of the      provisions of this Agreement shall be in writing and delivered in person      or by courier service or by any electronic means of transmitting written      communications which provides written confirmation of complete      transmission, and properly addressed to the other Party.  Verbal      communication does not constitute notice for purposes of this      Agreement.  A notice given under any provision of this Agreement      shall be deemed delivered only when received by the Party to whom such      notice is directed, and the time for such Party to deliver any notice in      response to such originating notice shall run from the date the      originating notice is received.  “Received” for purposes of this      Article shall mean actual delivery of the notice to the address of the      Party specified hereunder. |
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